About Springs

Real Estate Prices and Overview

Springs median real estate price is $685,964, which is more expensive than 89.5% of the neighborhoods in
New York and 95.3% of the neighborhoods in the U.S.

The average rental price in Springs
is currently $1,465, based on NeighborhoodScout's exclusive analysis.
The average rental cost in this neighborhood is higher than 80.0%
of the neighborhoods in New York.

Springs is a suburban neighborhood (based on population
density) located in East Hampton, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Springs real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom)
single-family homes and small apartment buildings. Most of the residential real estate
is owner occupied. Many of the residences in the Springs neighborhood
are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in
Springs. The current real estate vacancy rate here is 46.5%.
This is higher than the rate of vacancies in 98.2% of
all U.S. neighborhoods. A relatively large percentage of housing here is
seasonally occupied (41.1%). This can occur in vacation areas,
and occasionally it is also found in neighborhoods that are primarily filled
with college students, as some apartments could be vacant when school is not in
session. If you live here year round, you may find that a number of buildings in
your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in East Hampton,
the Springs neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.

Notable & Unique: Real Estate

Springs is a neighborhood that is on the ocean, a bay, or inlet.
Many times, such places have amenities that bring locals and visitors to the
waterfront for recreational activities or to check out the scenery.
In some densely populated areas that are less financially well-off, the neighborhood
waterfront can be relatively industrial and less open to recreation.
In addition to being coastal, Springs is a very nautical neighborhood,
meaning that it is somewhat historic, walkable, densely populated and
on the water. This gives the neighborhood a very nautical feel,
with some seaside and shipping feel, which some may really enjoy the sights
and sounds of.

In addition, despite all of the residential real estate here in the Springs neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 46.5%, which is higher than 98.2% of all U.S. neighborhoods.

Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Springs neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 95.1% of all American neighborhoods.

Notable & Unique: Diversity

Did you know that the Springs neighborhood has more
South American and Native American ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 27.0% of
this neighborhood's residents have South American ancestry and 3.0% have Native American ancestry.

Notable & Unique: Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute
is an important factor for one's quality of life. The Springs
neighborhood stands out for its commute length, according to NeighborhoodScout's
analysis.
Long commutes can be brutal. They take time, money, and energy, leaving less
of you for yourself and your family. The residents of the
Springs neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
12.0% of commuters here travel more than one hour just one-way
to work. That is more than two hours per day. This percentage with two-hour +
round-trip commutes is higher than NeighborhoodScout found in 98.6%
of all neighborhoods in America.

Notable & Unique: People

With more than 2.5% of residents living with a same sex partner,
Springs is truly a neighborhood that stands out from the rest in
this regard. In fact, exclusive analysis by NeighborhoodScout reveals that
this neighborhood has a greater concentration of same sex couples than
96.8% of U.S. neighborhoods.

In addition, if you are an executive or professional seeking a neighborhood affording
an executive lifestyle, or just wanting to find where other executives
live in the area, the Springs neighborhood should be
on your list. It has an enviable mix of spacious homes, relatively stable
real estate values, and residents that include a number of wealthy
executives, managers, and professionals. NeighborhoodScout's exclusive
analysis places it as one of the top 12.0% executive lifestyle
neighborhoods in the state of New York.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates.

The Neighbors

The Neighbors: Income

There are two complementary measures for understanding the income of a
neighborhood's residents: the average and the extremes. While a neighborhood
may be relatively wealthy overall, it is equally important to understand
the rate of people - particularly children - who are living at or below the
federal poverty line, which is extremely low income. Some neighborhoods with
a lower average income may actually have a lower childhood poverty rate than
another with a higher average income, and this helps us understand the
conditions and character of a neighborhood.

The neighbors in the Springs neighborhood in East Hampton are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 79.7% of the neighborhoods in America.
In addition, 15.7% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 51.4%
of America's neighborhoods.

The Neighbors: Occupations

What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Springs neighborhood, 34.5% of the working population is employed in
sales and service jobs, from major sales accounts, to working in fast food restaurants.
The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 32.1% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(19.3%), and 13.0% in clerical, assistant, and tech support occupations.

The Neighbors: Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.

In the Springs neighborhood in East Hampton, NY, residents
most commonly identify their ethnicity or ancestry as South American (27.0%).
There are also a number of people of Italian
ancestry (10.2%), and residents who report Irish roots
(9.4%), and some of the residents are also of English
ancestry (8.5%), along with some German ancestry residents
(7.3%), among others. In addition, 29.9% of the residents of this neighborhood were
born in another country.

The Neighbors: Languages

The most common language spoken in the Springs
neighborhood is English, spoken by 61.7% of households. Some people also speak Spanish (35.4%).

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in Springs neighborhood spend
under 15 minutes commuting one-way to work (36.6% of working
residents), one of the shortest commutes across America. However, there is also a significant group of residents (12.0%) who
commute over an hour in each direction.

Here most residents (74.5%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (19.7%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.

Rates the quality of all K-12 public schools that your children would be exposed to if you lived in this neighborhood.

Schools In This Neighborhood
*

Grades

* Depending on where you live in this neighborhood, your children may attend these
schools or other schools outside the neighborhood. Always check with your local
school department to determine which schools your children may attend based on
your specific address and your child's grade-level.

Crimes Per Square Mile

East Hampton Real Estate Agents

Find the best East Hampton Agents today

Get matched with a pre-screened, customer-rated real estate agent and
receive up to $2,000 or more when you buy or sell.

Get the Ultimate Agent…

We
screen
Real Estate Professionals
according to rigorous sales and service benchmarks, and we constantly
survey our customers to make sure that Brokers in our elite network
are meeting your highest standards. We guarantee it.†